Investment Accountant

Job Summary

The Investment Accountant is responsible for performing various duties related to accounting and reporting for investments. This position is part of the Close and Analysis team within the organization’s Investment Center of Excellence (COE) structure and will be primarily responsible for the reconciliation and controls of the Company’s limited partnerships and low-income housing tax credits (LIHTC) portfolios. The ideal candidate will be highly organized and analytical, enjoy collaborating with other teams, be comfortable challenging current processes and be a rapid learner.

Organization

This position reports to the Manager, Investment Accounting and works closely with an external third-party investment accounting administrator as well as internal and external investment managers.

Duties and Responsibilities

• Work with third-party accounting administrator, asset managers and general partners to ensure transactions and valuation adjustments are recorded accurately and timely.
• Generate and record journal entries as needed for month end close. Prepares or reviews reconciliations of the accounting system, general ledger and asset manager reporting and ensures variances are resolved.
• Assist in analyzing results to ensure reporting is complete, accurate and timely as well as providing analysis of results for variances in trends and against expected results. 
• Assist in development and implementation of proper accounting treatment for complex or unusual accounting transactions for limited partnerships, LIHTC, and other new investment vehicles as needed.
• Support internal control objectives for investment accounting by identifying key risks, adhering to controls, documenting controls for compliance and testing, and remediating any control gaps.
• Assist in the completion and/or coordination of internal and external audit requests as well as state insurance department examinations.
• Actively seeks and proposes methods for continuing process improvements in the reporting, analysis and system functions.

Experience and Education Requirements

• Bachelor’s degree in Accounting or Finance
• CPA preferred
• Experience working in the Insurance industry (Life, annuity, reinsurance) preferred
• Clearwater, Oracle and Essbase experience preferred
• Experience developing process optimization within the boundaries of corporate infrastructure and regulatory environment preferred

Knowledge, Skills and Abilities

• Highly motivated, organized and detail-oriented problem solver that is a self-starter & team player
• Willingness to aggressively take on responsibility and hold self and others accountable
• Strong computer knowledge including working knowledge of financial based accounting packages (Clearwater and Oracle).
• Able to work & effectively communicate with all levels of management, including executive management.
• Strong verbal and writing skills
• Unconditional integrity and commitment to achieving goals.
• Support effective partnerships with key groups and individuals and have good consultation and change management skills.